WAO ART

Bybit has secured VASP status in Argentina, allowing it to expand operations amid rising crypto adoption. The registration aligns with new AML regulations introduced in March 2023 to meet FATF standards. Argentina ranks 15th globally in crypto adoption, driven by economic challenges and regulatory advancements.

Australia’s ASIC has shut down 615 cryptocurrency investment scams in the past year as part of a broader effort against investment fraud. Investment scams have led to nearly $1.3 billion in losses for Australians in 2023, according to the ACCC.

A survey of over 2,000 Chinese speakers reveals Binance as the preferred cryptocurrency exchange, with 96.72% of respondents using it. The majority of respondents (76.1% male, 57.4% aged 26-35) have 3-5 years of crypto experience, while only 0.45% are over 55.

Tether announced its partnership with Aptos to bring its stablecoin, USDT, to the Aptos blockchain, aiming for faster and cheaper transactions. Aptos is recognized for its high-speed and scalable infrastructure, allowing transactions to cost just a fraction of a penny.

Bitwise Asset Management acquires London-based ETC Group, marking a strategic move into the European market. The acquisition adds over $1B in assets under management, bringing Bitwise's total to over $4.5B. Nine crypto ETPs from ETC Group will be rebranded under Bitwise while maintaining their core strategies.

Quidax becomes the first African cryptocurrency exchange to receive a ‘provisional operating license’ from Nigeria's SEC. The license allows Quidax to operate as a registered digital assets exchange and collaborate with banks, pending Central Bank approval.

Grayscale predicts Bitcoin will reach new all-time highs against the US dollar, driven by a weakening dollar and macroeconomic trends. Zach Pandl, Grayscale's research head, warns that the US dollar could depreciate significantly over the next 10 to 20 years due to rising national debt.